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Condensed Consolidated Statements of Income (unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Income Statement [Abstract]        
Net Sales $ 24,880 $ 27,496 $ 74,716 $ 83,318
Cost of Goods Sold 9,530 10,549 29,045 31,943
Gross Profit 15,350 16,947 45,671 51,375
Selling Expense 4,976 5,059 15,202 15,631
General and Administrative Expense 3,848 4,037 11,687 13,204
Engineering Expense 1,058 992 2,973 2,854
Operating Profit 5,468 6,859 15,809 19,686
Interest Income 586 502 1,741 1,179
Other Income (Expense) 21 (41) (39) 14
Income Before Income Taxes 6,075 7,320 17,511 20,879
Income Tax Expense 1,479 1,746 4,241 5,014
Net Income 4,596 5,574 13,270 15,865
Net Loss - Noncontrolling Interest 21 2 62 9
Net Income attributable to Omega Flex, Inc. $ 4,617 $ 5,576 $ 13,332 $ 15,874
Earnings per Common Share - Basic $ 0.46 $ 0.55 $ 1.32 $ 1.57
Earnings per Common Share - Diluted 0.46 0.55 1.32 1.57
Cash Dividends Declared per Common Share $ 0.34 $ 0.33 $ 1.01 $ 0.98
Weighted Average Shares Outstanding - Basic 10,094 10,094 10,094 10,094
Weighted Average Shares Outstanding - Diluted 10,094 10,094 10,094 10,094